Norwegian Cruise Line Holdings Ltd.

Norwegian Cruise Line Holdings Ltd.

NCLH
Norwegian Cruise Line Holdings Ltd.US flagNew York Stock Exchange
15.39
USD
+0.52
- -
7.07BMarket Cap
Norwegian Cruise Line Holdings Ltd.
NCLH
(New York Stock Exchange)

Recent

price

15.39

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
10.04
11.07
11.35
12.66
15.14
19.18
21.46
23.66
27.15
30.07
5.02
1.77
11.54
20.14
21.78
21.91
22.29
Revenue per Share
0.11
0.63
0.84
0.5
1.64
1.89
2.79
3.33
4.28
4.33
-15.75
-12.33
-5.41
0.39
2.09
0.94
1.67
Basic EPS, GAAP
-2.73
0.86
0.47
-1.98
-1.59
-0.36
0.76
1
2.28
0.86
-13.75
-8.81
-3.75
-1.75
1.93
-2.61
-2.6
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
8.68
9.2
10.03
12.72
15.46
16.6
19.97
25.16
27.4
30.58
13.79
5.84
0.16
0.71
3.24
4.85
5.6
Book Value per Share
5.68
6.19
6.98
9.74
4.97
6.42
9.86
15.26
17.13
20.17
11.9
4.4
-1.26
-0.7
1.79
3.46
4.22
Tangible Book Value per Share
200
200
200
203
207
227
227
228
223
215
255
365
420
424
435
449
456
Basic Weighted Avg Shares
2,012
2,219
2,276
2,570
3,126
4,345
4,874
5,396
6,055
6,462
1,280
648
4,844
8,550
9,480
9,828
10,154
Sales/Revenue/Turnover
11.46
14.24
15.69
15.4
16.09
16.17
18.99
19.44
20.13
18.23
-146.6
-393.89
-32.04
10.89
15.46
15.88
15.09
Operating Margin (%)
192
211
216
245
305
450
446
521
567
647
740
759
810
883
974
1,162
1,223
Depreciation Expense
23
127
169
102
338
427
633
760
955
930
-4,013
-4,507
-2,270
166
910
423
761
Net Income, GAAP
- -
1.32
0.42
10.29
- -
1.56
1.13
1.39
1.49
- -
- -
- -
- -
- -
- -
1.28
1.6
Effective Tax Rate (%)
1.14
5.72
7.4
3.96
10.82
9.83
12.99
14.08
15.77
14.39
-313.5
-695.48
-46.86
1.94
9.6
4.31
7.49
Profit Margin (%)
-515
-665
-780
-893
-1,803
-2,026
-1,902
-1,972
-2,600
-2,854
1,644
-429
-3,182
-4,726
-4,771
-4,314
-5,055
Working Capital
3,126
2,837
2,764
2,841
5,503
5,768
5,838
5,688
5,811
6,055
11,681
11,570
12,630
12,314
11,777
13,730
13,893
LT Debt
1,741
1,844
2,019
2,631
3,519
3,781
4,538
5,750
5,963
6,516
4,354
2,433
69
301
1,425
2,210
2,573
Total Equity
5.01
6.35
7.19
6.6
- -
6.99
8.67
9
9.8
- -
- -
- -
- -
- -
- -
9.84
9.15
Return on Invested Capital (%)
4.27
6.4
7.24
6.58
- -
6.53
8.59
8.91
9.96
- -
- -
- -
- -
- -
- -
8.71
9.61
Return on Capital (%)
1.33
7.08
8.75
4.4
11.04
11.7
15.22
14.77
16.3
14.91
-73.83
-132.81
-181.5
89.97
105.46
23.29
36.73
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
876
1,175
1,141
LT Borrowings
13,730
13,979
13,893
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
455
459
459
Market Capitalization
10,161
8,585
9,693

Working Capital

FRC

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
1,139
1,308
1,266
Cash, Cash Equivalents & STI
210
185
218
Accounts Receivable, Net
292
277
277
Inventories
138
163
161
Total Current Liabilities
5,453
6,217
6,321
Payables & Accruals
1,376
1,323
1,528
ST Debt
876
1,175
1,141
Deferred Revenue
3,201
3,719
3,651

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
65.27%
125.23%
55.03%
Free Cash Flow
-277.49%
-112.8%
-239.46%
Net Income, GAAP
-19.04%
49.92%
-53.5%
Sales/Revenue/Turnover
65.08%
137.84%
3.67%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
2,191
2,372
2,807
2,109
9,480
2025
2,128
2,517
2,938
2,244
9,828
2026
2,331
2,641
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.04
0.38
1.08
0.58
2.09
2025
-0.09
0.07
0.93
0.03
0.94
2026
0.23
0.48
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
Business
Norwegian Cruise Line Holdings Ltd. (NCLH) is a leading global cruise company that operates a portfolio of three award-winning brands: Norwegian Cruise Line, Oceania Cruises, and Regent Seven Seas Cruises; offers cruise itineraries to nearly 350 destinations worldwide including Europe, Asia, Australia, New Zealand, South America, Africa, Canada, Bermuda, Caribbean, Alaska, and Hawaii; provides a wide variety of onboard experiences encompassing accommodations from standard staterooms to luxury suites in The Haven enclave, multiple dining options, award-winning entertainment, personalized service, and Freestyle Cruising with flexible schedules; and maintains private destinations such as Great Stirrup Cay in the Bahamas and Harvest Caye in Belize. Founded in 1966 as Norwegian Caribbean Lines and headquartered in Miami, Florida, the company serves leisure travelers seeking contemporary, immersive, and all-inclusive luxury vacation experiences through its modern fleet of over 20 ships for Norwegian Cruise Line alone, with additional vessels across its brands. NCLH conducts operations primarily in North America, Europe, Asia-Pacific, and other international markets, employing approximately 41,700 people and marketing services via retail travel agents, international sales, incentive programs, and direct consumer channels. In February 2025, NCLH finalized a significant order with Fincantieri for four new cruise ships for the Norwegian Cruise Line brand, each with approximately 226,000 gross tons and over 5,100 berths, marking the largest vessels ever built for the brand and scheduled for delivery in 2030, 2032, 2034, and 2036; this agreement, first announced as a letter of intent in April 2024, underscores ongoing fleet expansion following recent deliveries like Norwegian Prima, Viva, and the upcoming Aqua of the Prima Plus class. The company advances its Charting the Course strategic vision through pillars focused on guest-valued investments, growth opportunities, operational excellence, and the Sail & Sustain sustainability program, with recent highlights including new culinary concepts debuting on Oceania Sonata in 2025.

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